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Canadian Musician Grimes Reveals ‘Intergalactic Children’s Metaverse Book’ at Avalanche Summit
27.3.2022
At the Avalanche Summit in Barcelona, the Canadian musician and record producer Grimes announced she plans to launch an “intergalactic children’s metaverse book.” Grimes’ children’s metaverse book project is part of a $100 million initiative started by...
Luna Foundation’s Bitcoin Reserve Wallet Now Holds $1.1 Billion in BTC
26.3.2022
During the last week, the cryptocurrency community has been discussing the bitcoin purchases made by Luna Foundation Guard (LFG), as onchain data shows LFG’s bitcoin wallet currently holds 24,954.95 bitcoin worth $1.1 billion. LFG’s Gnosis safe address shows over the last four days...
UAE Venture Capital Firm Launches $100 Million Seed Fund for Blockchain and Crypto Projects
26.3.2022
Cypher Capital, a United Arab Emirates (UAE)-based venture capital (VC) firm, has announced the launch of a $100 million seed fund that will primarily avail funding to decentralized finance (defi), gamefi, and metaverse projects. Mentoring of Entrepreneurs A United Arab Emirates (UAE)-based venture...
NFT Rug Pull: DOJ Charges Two People in Million-Dollar Scheme to Defraud Investors
26.3.2022
The U.S. Department of Justice (DOJ) has charged two people allegedly behind a million-dollar non-fungible token (NFT) “rug pull” scheme. They abandoned the NFT project within hours after selling out, deactivated the website, and transferred over $1 million in crypto to the wallets...
Nevada Man Pleads Guilty in $722 Million Fraudulent Cryptocurrency Scheme
26.3.2022
A Nevada man has admitted his role in laundering funds solicited for the Bitclub Network, a $722 million fraudulent cryptocurrency scheme. He also pleaded guilty to tax offenses. Bitclub Network Investor Pleads Guilty The U.S. Department of Justice (DOJ) announced Thursday that Gordon Brad...
Number of Addresses Holding BTC Taps 40 Million, Non-Zero Bitcoin Address Metric Grew 92% Since 2018
25.3.2022
While bitcoin has risen in value in recent times, jumping 8% during the last seven days, statistics show that the number of addresses holding bitcoin has surpassed 40 million addresses. Metrics from the analytics web portal intotheblock.com show addresses that hold any fraction of bitcoin tapped...
Gran Turismo 7 Gives Angry Fans One Million Free Credits, Big Changes Coming
25.3.2022
A live-service game is once again apologizing for its microtransactions, and promising to do better. In a new blog post, Gran Turismo 7 director Kazunori Yamauchi acknowledged frustrations with the state of the game and announced developer Polyphony Digital will issue 1 million credits to every...
Crypto Pyramid Busted in Russia, Losses Exceed $10 Million
24.3.2022
Russian law enforcement agencies have gone after the organizers of a large crypto pyramid which has been promising extraordinarily high returns. The Ponzi scheme is being unraveled after a similar project defrauded thousands of investors in Russia, the region, and far beyond. Police Find Crypto...
Onchain Data Shows Terra’s Luna Foundation Continues to Stack Bitcoin
24.3.2022
This week there’s been a lot of talk about Terra’s Luna Foundation purchasing bitcoin to hold in its reserves pool. Onchain data shows the organization’s wallet has transferred at least three tranches of tether worth $125 million each. Furthermore, reports show that the Luna...
Solana-Based Cashio App Hit With an ‘Infinite Mint Glitch,’ CASH Stablecoin Drops to Zero
23.3.2022
A decentralized finance (defi) protocol called Cashio was attacked by an “infinite glitch” exploit around 9:00 a.m. (UTC), the team said on Wednesday. Following the hack, statistics show the protocol’s total value locked (TVL) dropped from over $28 million to $579,701 and...
Tokenized Gold Market Caps Grew Significantly Last Month as Fresh Demand Drives Premiums
23.3.2022
While gold tapped an all-time high (ATH) this year surpassing $2K per ounce, the top tokenized gold crypto assets by market valuation continue to see significant demand, premiums, and market capitalization growth. For instance, Paxos Trust Company’s PAXG market cap jumped more than 43% in...
Terra’s Founder Do Kwon ‘Looks Forward to Building With Bitcoin’ — Project Reportedly Acquires $125M in BTC
22.3.2022
Just recently, Terra founder Do Kwon hinted at purchasing $3 billion in bitcoin to bolster the protocol’s reserves and according to a number of reports and blockchain analysis, Terra purchased $125 million worth of bitcoin on March 21. The following day, bitcoin’s fiat value jumped...
Colombians Take Legal Action Against Binance for Blocking Their Funds
22.3.2022
An account blockade that happened more than five months ago due to money laundering issues has prompted some Colombian users of Binance to commence legal action against the exchange in the country. According to reports the funds blocked exceed $1 million, and after an investigation from the FIOD...
Epic & Fortnite Players Raise $36 Million For Ukraine In Just 24 Hours
21.3.2022
Yesterday, Epic launched the next season of Fortnite, and announced that for the following two weeks all the money it makes from in-game purchases in the popular battle royale will be donated to charities supporting humanitarian efforts in Ukraine. Now, just 24 hours later, and with 13 days...
$5.8 Billion Burned: Second Largest Crypto Network Records 2 Million Ethereum Destroyed in 7 Months
21.3.2022
This week, the Ethereum network’s burn rate reached a milestone by surpassing 2 million ethereum burned worth $5.81 billion since August 5, 2021. Metrics show the crypto network has a 24-hour burn rate of 1.74 ether per minute, which equates to roughly $5K worth of ether destroyed every...
Kenyans Lose Millions of Dollars to yet Another Cryptocurrency Scam: Bitstream Circle
20.3.2022
The masterminds behind the alleged cryptocurrency Ponzi scheme called Bitstream Circle are believed to have stolen more than $10 million in investor funds. The alleged theft became apparent on March 13, 2022, when some of the scheme’s investors encountered problems making withdrawals....
Metametaverse Secures $2 Million — Aims to Achieve Metaverse Interoperability
20.3.2022
Metametaverse, a company whose purpose is the integration and interoperation of different metaverses, has already secured funding of $2 million for this idea. Joel Dietz, the founding father of this initiative and also from the uber-popular wallet Metamask, has stated this task might be achieved...
Two Massive Charity Game Bundles Have Now Raised Over $12 Million For Ukraine
19.3.2022
Indie digital storefront Itch.io has raised over $6 million via its recently ended Bundle for Ukraine charity package. Meanwhile, Humble Bundle’s similarly large collection of games and comics has already raised over $6 million as well, with six days left before it ends. That’s a massive amount...
Optimism Raises $150 Million in Series B Funding Round Led by Paradigm and A16z
18.3.2022
Optimism, an L2 (Layer 2) rollup solution for Ethereum, has raised $150 million in its Series B funding round coming from big companies in the venture capital (VC) scene. The funding round was led by A16z and Paradigm, with the former also having invested during the previous funding round....
Japanese Fintech Firm Kyash Raises $41 Million, Jack Dorsey’s Block Participates in Funding
18.3.2022
A Tokyo-based financial technology company called Kyash has raised $41.2 million in a Series D funding round which saw participation from the Block (formerly known as Square). The investment into the Japanese mobile financial app firm is the Block’s first investment in the Asia Pacific...